Avon has entered a definitive agreement to sell its Guangzhou manufacturing operation to LG Household & Health Care, enhancing its competitiveness and operational efficiency in the Asian beauty market.

Information on the Target

Avon Products, Inc. is a globally recognized beauty and cosmetics company known for its extensive portfolio of products, including skincare, makeup, and fragrances. With a rich history in direct selling and a strong presence in various markets, Avon is committed to empowering beauty entrepreneurs by providing high-quality products and personalized support.

The recent agreement involves Avon's Beauty manufacturing operation located in Guangzhou, China. This facility is well-equipped to produce a wide range of beauty products, catering specifically to the Asian market's unique demands and preferences.

Industry Overview in China

The beauty and cosmetics industry in China is experiencing rapid growth, driven by increasing disposable income, urbanization, and changing consumer preferences.